Assume that you have been selected to serve as the project manager
for a management consulting project for a client based in the United States. You
have developed the WBS and listed the activities for the assignment, which
involve large-scale market research in a new market. You are responsible for
project costs and are keen on developing realistic cost estimates and project
budget. You have estimated the following effort:

*Please note the use of 2 resources in this case.
The
rates per day for the resources are as follows:

The tasks above are listed in sequential order. The exceptions
are market research 1 and 2, which can start simultaneously.

This assignment has two parts. Complete Part 2 after completing Part
1.

Part 1:
Develop the budget for this project by allocating cost over actual
work time and the calendar time line. Draw a graph for the time line of the
project and the money spent on the project. Assume that the payments to all
resources are made on a daily basis.

Part 2:
For
the consulting assignment, assume that the total project budget is spent equally
on a daily basis and the work done each day contributes equally toward the
project completion. You are now at the end of Day 25 of the project, the company
has already spent $48,000, and the project has delivered 5% more than planned at
the end of Day 25.

• What is your assessment of the schedule performance index (SPI) and
  cost performance index (CPI) of the project? What actions or corrective actions
  would you want to take, keeping in mind the project performance so
  far?
• How much more
  money must be spent to
  complete the project, and what would be the total cost of the project when it is
  completed, as per the details given?

Please
make sure that you cite and reference all your outside sources properly, as per
the Harvard Referencing System.